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    100 Industrial Park Dr Bangor, MI 49013
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    100 Industrial Park Dr Bangor, MI 49013

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    • Manufacturing properties
    • 9,260 SF
    • 3.50 lot acres
    For Sale
    $450,000
    View Listing →
    Bangor Commercial Property with Apartment For Sale
    $450,000
    25,000 SF

    Bangor Commercial Property with Apartment

    25,000 SF mixed-use property on 3.65 acres with apartment.

    100 Industrial Park Drive, Bangor, MI 49013
    View Listing
    Property ID
    US43-2245230
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Manufacturing properties

    Property Details for 100 Industrial Park Dr

    Year built
    1980
    Lot size
    3.50 lot acres
    Property size
    9,260 SF
    Zone code
    I-1
    Property type
    Manufacturing properties
    APN
    80-54-812-058-41
    APU
    805481205841

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Get a detailed, property-specific estimation — fast and free

    Location Insight

    • Map
    • Local Demand
    City
    Bangor
    County
    Van Buren
    State
    Michigan
    Longitude
    -86.1184
    Latitude
    42.3068
    CBSA code
    28020
    CBSA name
    KALAMAZOO-PORTAGE, MI METROPOLITAN STATISTICAL AREA

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    2020
    $6,647
    $0.00
    $0.00
    $100,200
    -
    $0.00
    $0.00
    $200,400

    Comparable in this City

    • Value Estimation by Request
      9,675 SF

      53636 M 43

      MANUFACTURING (LIGHT) • 9,675 SF
      53636 M 43, Bangor, MI 49013-9543
      View Details
    • Value Estimation by Request
      28,560 SF

      420 Industrial Park Rd

      MANUFACTURING (LIGHT) • 28,560 SF
      420 Industrial Park Rd, Bangor, MI 49013-1247
      View Details
    • Value Estimation by Request
      11,250 SF

      54341 M 43

      MANUFACTURING (LIGHT) • 11,250 SF
      54341 M 43, Bangor, MI 49013-9568
      View Details
    • Value Estimation by Request
      66,555 SF

      59750 34th Ave

      MANUFACTURING (LIGHT) • 66,555 SF
      59750 34th Ave, Bangor, MI 49013-1259
      View Details
    • Value Estimation by Request
      18,500 SF

      25604 60th 12th St

      MANUFACTURING (LIGHT) • 18,500 SF
      25604 60th 12th St, Bangor, MI 49013-9618
      View Details
    • Value Estimation by Request
      4,536 SF

      80 Industrial Park Rd

      MANUFACTURING (LIGHT) • 4,536 SF
      80 Industrial Park Rd, Bangor, MI 49013-1246
      View Details

    Similar Nearby for Sale

    • $450,000
      25,000 SF

      Bangor Commercial Property with Apartment

      25,000 SF mixed-use property on 3.65 acres with apartment.
      100 Industrial Park Dr, Bangor, MI 49013
      View Details
    • $1,799,000
      28,560 SF

      Bangor Industrial Warehouse - Huge Potential

      New Warehouse, Cannabis Zoning, 28,560 SF
      420 Industrial Park Rd, Bangor, MI 49013
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    • $1,600,000
      28,560 SF

      New Bangor Warehouse with Cannabis Zoning

      New warehouse in Bangor's industrial park, zoned for cannabis.
      420 Industrial Park Rd, Bangor, MI 49013
      View Details
    • $35,000
      2.00 Acres

      Cleared Land Parcel in Bangor

      Two-acre cleared land parcel near South Haven and Lake Michigan.
      Vl 2Ac. County Rd 687, Bangor, MI 49013
      View Details
    • $179,900
      32.90 Acres

      32+ Acres of Natural Beauty

      Wooded land perfect for recreation or building a private retreat.
      52391 28Th Ave, Bangor, MI 49013
      View Details
    View Listing
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    Bangor, MI 49013
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    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
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